Industry Analysis & Industry Trends
Companies in the Measuring, Testing and Navigational Equipment Manufacturing industry tend to rely on innovation for their survival and success. The industry encompasses a broad range of products, and some product markets are dominated by a few global companies. Industry growth is influenced by conditions within downstream markets, including manufacturing, research and development, defence and homeland security.
There are a number of very successful UK companies in this industry with world-leading technology. However, some production capacity in the United Kingdom has been (and will continue to be) downsized or closed as production capacity is moved to jurisdictions where markets are larger or production costs are lower... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
Typically, an industry is considered in a mature phase of its life cycle when growth mirrors real GDP over a 10-year period. In contrast, a growth phase occurs when industry value added outpaces GDP, while a decline phase occurs when growth in industry value added falls significantly below growth in UK GDP.
In the 10 years through 2016-17, industry value added for the industry is expected to decrease at an average annual real rate of about 1.7%. In comparison, UK GDP is forecast to rise by an average annual 0.6%. Due to this trend, the industry is estimated to be in a decline phase of its life cycle, despite frequent technological advancements and high R&D expenditure.
Despite the industry in the United Kingdom being in decline, globally the industry is in a growth phase... purchase to read more